Midlothian is a city in Ellis County, part of the Dallas-Fort Worth-Arlington metro area. About 44,104 people live here. Its population has grown 25.5% since 2020, with many buyers moving in and new neighborhoods being built.
HomyLoan, LLC (Company NMLS 2783307) helps buyers and homeowners in Midlothian with purchase loans, refinancing and Texas cash-out loans through a network of wholesale lenders.
The median value of owner-occupied homes in Midlothian is about $369,400, above the Texas median of $260,400 and compared with $306,400 across Ellis County.
Midlothian is about 33 miles from Naval Air Station Joint Reserve Base Fort Worth, so many buyers here are active-duty service members and veterans. VA loans usually need no down payment and no monthly mortgage insurance for eligible borrowers.
Most of Midlothian is too populated for USDA Rural Development loans, but some surrounding areas near smaller communities like Venus and Ovilla may qualify. Eligibility is set address by address on USDA's map.
FHA loans offer flexible credit guidelines and a low down payment, while conventional loans can work well for buyers with stronger credit. Both are available throughout Ellis County.
A rate-and-term refinance can lower your rate or change your loan term without taking cash out. If you want to tap your equity, Texas treats any cash-out refinance of your homestead as a home equity loan under Section 50(a)(6) of the Texas Constitution: the new loan plus other debt on the home generally can't exceed 80% of its value, and closing waits at least 12 days after you apply and receive the required notice. Veterans may also use a VA streamline (IRRRL) refinance, and FHA borrowers an FHA streamline refinance.
Buyers in Midlothian can apply for Texas state programs, including My First Texas Home, My Choice Texas Home, Texas Mortgage Credit Certificate, Homes for Texas Heroes, as well as programs run by Ellis County or local housing agencies where available. Income, purchase price and eligibility rules apply.
Texas has stricter home equity rules than any other state. They apply whenever you take cash out of your homestead, through a cash-out refinance or a home equity loan.
Texas has no state income tax and no state property tax, but local taxes set by counties, cities, school districts and special districts are among the higher rates in the country. Most lenders collect property taxes and homeowners insurance monthly in an escrow account.
Title insurance premiums in Texas are set by the Texas Department of Insurance, so the base premium is the same at every title company. Closings usually take place at a title company.
About $369,400, based on the U.S. Census Bureau's 2019-2023 American Community Survey. The Texas median is $260,400 and the Ellis County median is $306,400.
Midlothian is in Ellis County. Property taxes and the homestead exemption are handled by the Ellis County appraisal district.
For 2026, the conforming loan limit for a one-unit home is $832,750, the same in every Texas county. Larger loans are jumbo loans.
Most addresses inside Midlothian are not USDA-eligible because of its population, but some nearby rural areas may be. Eligibility depends on the exact address and your household income.
Yes, under Texas home equity rules (Section 50(a)(6)). Your new loan plus other debt on the home generally can't exceed 80% of its value, and the loan can't close until 12 days after you apply and receive the required notice. A rate-and-term refinance with no cash out isn't subject to these limits.
Many VA borrowers buy in Midlothian, which is about 33 miles from Naval Air Station Joint Reserve Base Fort Worth. VA loans usually need no down payment and no monthly mortgage insurance for eligible veterans and service members.
Talk with a licensed HomyLoan loan officer: Office (830) 200-0016 · Cell (817) 305-3724
Mortgage Broker: HomyLoan, LLC, Company NMLS ID 2783307 (NMLS Consumer Access). Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, underwriting, property eligibility and program guidelines, and rates and terms are set by the lender. Program availability may vary.
Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department's website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The Department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the Department prior to the payment of a claim. For more information about the recovery fund, please consult the Department's website at www.sml.texas.gov.
Population: U.S. Census Bureau Vintage 2024 estimates (ACS 2019-2023 for census-designated places). Home values: U.S. Census Bureau, American Community Survey 2019-2023, median value of owner-occupied homes. Distances are approximate.